EBay said it has no evidence that the attack led to unauthorized access to financial or credit-card information but is working with law-enforcement and security experts, reports MarketWatch’s Ciara Linnane.

This week has been light on economic reports, but traders finally will get something at 2 p.m. Eastern — minutes from the Federal Reserve’s last policy meeting.

“The economic highlight of the day and arguably of the week is the Wednesday afternoon release of the latest Federal Reserve Open Market Committee (FOMC) minutes,” writes Jim Wyckoff, a senior analyst who studies gold and silver for Kitco.com

“There are no major changes in monetary policy direction expected to be seen in the minutes. However, as always, analysts will be parsing the wording for clues on future moves by the U.S. central bank.”

The speech delivered by New York Fed President William Dudley on Tuesday may serve as a sneak preview of sorts for the Federal Open Market Committee minutes, says MarketWatch’s Steve Goldstein.

A story on our site says “earnings fell 16% as fewer shoppers visited stores and losses from its Canada expansion mounted, highlighting the depths of the problems faced by the retailer that ousted Chief Executive Gregg Steinhafel earlier this month.”

So why are shares up?

“Target’s perverse advantage is that investor expectations are low,” noted The Wall Street Journal’s Ahead of the Tape column.

A morning note today from Scott Redler points out there’s some frustration among traders — and it certainly emphasizes a need for nimbleness.

“…all I know is that frustration is running high and there is a distinct difference between the action in each market. Some think the erratic, random, thin action could lead to a big decline in the S&P and Dow,” writes Redler, chief strategist at T3 Live and T3 Trading Group.

“Some think that the correction we saw in many growth stocks and sectors ‘was the correction’ and the broader indices held up just fine. I am trying to take it day by day as buying after a multi-day move has been stressful except for ‘unique’ situations.”

Equity investors (and reporters) have been paying a lot of attention to the 10-year Treasury yields lately, as they have fallen to the lowest levels since October, creating a perfect disconnect between stock and bond markets. Yields are up 3 basis points at last check ahead of the FOMC minutes at 2.54%.

The European expansion, which was widely expected, follows Netflix’s previous launches in the U.K., Ireland, Denmark, Finland, Norway and Sweden in 2012 and the Netherlands last year. Globally, the company has 48 million customers in more than 40 countries, including 34 million in the U.S. Adding more subscribers at home and abroad is critical for Netflix in order to balance out the billions of dollars the company spends on content each year.

Federal Reserve officials examined “several approaches” for the eventual tightening of monetary policy but made no decisions on which tools to use, reports MarketWatch’s Greg Robb in his story on the Fed minutes.

The key takeaway from the Fed minutes for the stock markets was the fact that the Fed faces an ongoing trade-off between unemployment and inflation. As inflation is still very low, the Fed can continue to accommodate to target even lower enumployment situation. This is a Goldilocks scenario for equity markets, which is why perhaps we did not see a big reaction.

We think that the bond market will be proven wrong about the current economy.

The minutes of the April FOMC meeting are in keeping with the statement, which changed very little from March.At the March meeting, the Fed introduced the idea that rates will remain low for a “considerable period” after assetpurchase end. The April meeting merely re-affirmed this stance.

The housing market received special attention in the discussion, but no clear consensus on the near-term outlookfor the market or its potential impact on the broader economy was reached. Still, housing is clearly on the Fed’d watch-list, as Chair Yellen’s subsequent testimony to the Joint Economic Committee confirmed.

On inflation, the mainstream view remains that the labor market is slack enough still for an uptick in growth not to pose animminent threat, though that view will be put to the test if nominal wage increases pick up meaningfully in the second half of this year, as we—and the hawks—expect.

Finally, meeting participants discussed an array of options for the future normalization of policy, including the role of the rate on excess reserves as a potential tool for tightening, but stressed that the discussion did not mean any shift in policy was imminent.

Prices fell even further in the electronic trading session immediately after the Federal Open Market Committee released the minutes from its April meeting, but prices have rebounded to trade above the Comex closing level.

Gold for June delivery fell $6.50, or 0.5%, to settle at $1,288.10 an ounce on the Comex division of the New York Mercantile Exchange. That was the lowest settlement for a most-active contract since May 9.

In its first full session as a front-month contract, July crude rose $1.74, or 1.7%, to settle at $104.07 a barrel on the New York Mercantile Exchange. Prices were trading around $103.39 before the government supply data were released. Based on the most-active contracts, prices haven’t closed at a level this high since April 21, FactSet data show.

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